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Legal Services

Incorporation offer

European Crowdfunding Service Provider Company

Create a turnkey crowdfunding platform in the European Union

Lending-based model *

* Service and price offer for other models are agreed individually.

01

Registration issues

  • Company registration with the selected jurisdiction (choice from Latvia and Estonia, other jurisdictions to be discussed individually)
  • Facilitation in client onboarding and opening an account with a payment institution

    • 02

    Set up of business model

  • Consultation and legal opinion regarding the appropriateness or the choice of the model most suitable for Customer’s business
  • General guidelines on licensing process, providing a list of documentation to apply for the ECSP license

    • 03

    Business model and Business plan

    Developed individually for the Customer:

  • Description of the organizational structure
  • Activity plan
  • Financial plan
  • Marketing strategy
  • Staff recruitment plan

    • 04

    Risk management documents

    Developed individually for the Customer based on its Business plan:

  • Business continuity plan
  • Description of internal control mechanism
  • Description of IT System and related risks and measures
  • Description of risk management system
  • Description of operational risks

    • 05

    Internal procedures

  • Customers on-boarding and monitoring Rules
  • Data processing rules
  • Credit procedure
  • Debt collection procedure
  • Investor status determination procedure
  • Investor Servicing procedure
  • Backup procedure
  • Cyber incident management procedure
  • Unusual activities monitoring procedure
  • Complaints handling procedure
  • Credit risk management procedure
  • Risk Management Procedure
  • Staff approval procedure
  • Reporting procedure
  • Compliance procedure
  • Situations of conflict-of-interest prevention and monitoring rules
  • Internal Accounting Rules

    • 06

    Documentation related to service providing

    Published on the Platform:

  • Registration Rules
  • Terms and Conditions for Investors
  • Terms and Conditions for Project owners
  • Agent agreement (annex to T&Cs for Investors)
  • AML/CTF policy
  • Privacy Policy
  • Complaints Policy
  • Cookies policy

    • 07

    Internal policies

  • Investor Categorization Policy
  • Information Security Policy
  • Logging policy
  • Access control policy
  • Credit risk management policy
  • Situations of conflict-of-interest prevention and monitoring Policy

    • 08

    Preparation and submission of Application

  • Completion of the Application for authorization as ECSP
  • Preparing set of the documents required for approval of the top management of the Company by the Regulator

    • 09

    Staffing issues

  • Assessment of staff members
  • Completion of the forms required by the Regulator

    • 10

    Ready platform site

  • Promo site
  • Investor Portal
  • Back office for employees
  • APIs and integrations

    • Pricing

    Special turnkey package price: €124,900 (exclusive of VAT)

    Individual price: subject to the personalized service offer

    Preparation of the personalized service offer: €790 (exclusive of VAT) *

    * Includes up to 2h acquaintance Zoom meeting and consultation of legal, financial and IT experts

    Our Solutions

    Contacts

    FinMV SIA (Riga, Latvia)

    Software for fintech solutions (Crowdfunding, Crowdinvesting, Online Banking, Payment System, Crowdlending, P2P lending, Microfinance Banking, Competitive Intelligence)

    E-mail: info@finmv.com

    Watch demo

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